Online Gaming System Ltd.'s Australian subsidiary, Online Gaming Systems Australia, has signed a heads of agreement with SportsXite for the sale of up to twelve webSports wagering systems. Company officials hope to be ready in time for the rugby league and AFL season openers in early 2000. SportsXite plans to offer virtual betting, where players can research the various odds before placing a wager with the licensed bookmaker of their choice. SportsXite will coordinate the activity through their web site, along with other services.
"The Australian market is of great importance to the company," said Richard Iamunno, Online Gaming president and CEO. "With our first wagering agreement, we look forward to gaining an appreciable share of the Australian wagering market. the SportsXite approach of linking players to licensed bookmakers is a concept of great interest to our company."
Online Gaming Systems Ltd., www.ogsltd.com, develops and markets Internet and private network transaction-based products that it only offers to licensed gaming operators in regulated jurisdictions. Among their products are Internet Casino Extension (ICE), a suite of casino games; webSports, a sports wagering system; Lotto Magic, a lottery system for private, government and fund-raising purposes; and Bingo Blast, a multi-player system for charity and private organization use. The company also offers wireless and portable gaming devices through its Las Vegas-based Excel Design, Inc., a wholly owned subsidiary.